New Social Token Platform, INFLOW Music App, Provides Alternate Revenue Stream for Fans

The INFLOW Music App has announced the official launch of their platform. INFLOW Music App is one of the first social media platforms that enables artists to launch their own fan tokens and monetize engagement with their community. With their own tokens launched, artists will benefit from the continuous funding as fans use the tokens to buy, rent and listen to their creations. At the same time, fans will have a new level of ownership to the song including access to unreleased content, exclusive experiences and livestreams.

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CEO-Founder of INFLOW Music App Alexander Yoseph, explained the reason behind the creation of the platform, saying,

“We want to provide a platform where artists are able to fully monetize themselves instead of just their music, which is the only revenue stream they have.

“To learn how INFLOW Music App can help you as an artist, watch the demo video here.

The Music Industry’s Dilemma

As per laws and regulations laid out on www.Copyright.gov, record labels can receive up to 50% of music royalties, with featured artists getting 45%, and non-featured musicians and vocalists the remaining 5% equally. As such, the people who work the hardest on the music, the artists themselves, receive little to nothing for their creations.

With INFLOW Music, artists will earn passive income everytime their token is bought. It’s now possible for the biggest economic producers in the music industry to generate wealth for themselves the right way – and fans are riding along for the ride.

Before an artist signs with a record label, fans are the ones who generate the majority of their value. Isn’t it better to reward them by getting them involved? That’s what Alexander Yoseph (CEO) and Richard Melkonian questioned in their quest to find the right solution. Two years down the road, Alexander Yoseph realized that artists were not receiving the same monetary benefits as their counterparts. Teaming up with Richard Melkonian, the duo combined their skills in artist management, decentralized exchanges and token economics consulting. Melkonian has over 7 years of coding experience with solidity and javascript and is also an award-winning producer and composer with the Royal Opera House in London.